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November 13, 2018

WeRecover, the Kayak for addiction recovery, raises $2M

Approximately 90 percent of people in need of rehabilitation services for drug and alcohol abuse don’t have access to them, according to a Substance Abuse and Mental Health Services Administration survey. Why? Often, because they don’t know where to look.

Santa Monica-based WeRecover wants to fill that information gap with its Kayak-like online booking engine for rehab centers. The startup’s matching algorithm pairs people with an accredited rehab center with open beds, tailored to that person’s budget, insurance, clinical needs and location. The goal is to make it easier for anyone seeking treatment for themselves or otherwise to quickly discover and secure a spot at a facility, streamlining what can be a daunting and logistically complicated process that prevents people from receiving the care they need.

Today, WeRecover is announcing another $2 million fundraise led by Crosslink Capital, bringing its total venture capital backing to $4.5 million. Box Group, Wonder Ventures, Struck Capital and others also participated in the round. Read rest here.